Samsara Inc. (NYSE:IOT) Receives $31.56 Average Target Price from Analysts

Samsara Inc. (NYSE:IOTGet Free Report) has been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $32.60.

A number of analysts have weighed in on IOT shares. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Loop Capital initiated coverage on shares of Samsara in a research report on Thursday. They set a “buy” rating and a $42.00 price target for the company.

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Samsara Stock Performance

IOT stock opened at $30.15 on Friday. The firm has a 50 day moving average price of $34.74 and a 200-day moving average price of $31.23. Samsara has a 52-week low of $16.63 and a 52-week high of $40.54. The firm has a market capitalization of $16.60 billion, a price-to-earnings ratio of -56.89 and a beta of 1.56.

Samsara (NYSE:IOTGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. The business had revenue of $276.27 million during the quarter, compared to analysts’ expectations of $258.56 million. As a group, sell-side analysts forecast that Samsara will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $32.50, for a total transaction of $3,120,000.00. Following the completion of the sale, the chief executive officer now directly owns 754,335 shares in the company, valued at approximately $24,515,887.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider John Bicket sold 92,190 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $31.93, for a total value of $2,943,626.70. Following the transaction, the insider now owns 655,982 shares in the company, valued at approximately $20,945,505.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $32.50, for a total transaction of $3,120,000.00. Following the sale, the chief executive officer now owns 754,335 shares of the company’s stock, valued at $24,515,887.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,697,460 shares of company stock worth $58,277,505. 66.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Janney Capital Management LLC increased its stake in shares of Samsara by 3.1% in the 4th quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock worth $345,000 after purchasing an additional 311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Samsara by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after buying an additional 381 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Samsara by 13.6% in the third quarter. Rhumbline Advisers now owns 4,594 shares of the company’s stock worth $116,000 after buying an additional 550 shares during the period. Ulland Investment Advisors LLC raised its stake in shares of Samsara by 67.4% in the third quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $38,000 after buying an additional 600 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Samsara by 1.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 66,389 shares of the company’s stock valued at $2,216,000 after acquiring an additional 644 shares during the period. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Samsara Company Profile

(Get Free Report

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.

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Analyst Recommendations for Samsara (NYSE:IOT)

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